Barrington & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07467612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Barrington & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Culshaw

G C A S Floris

Mrs E M Stoodley Phillips

REGISTERED OFFICE:

60 High Street

BURNHAM-ON-SEA

Somerset

TA8 1AG

REGISTERED NUMBER:

07467612 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

10,280

22,030

Tangible assets

5

2,694

2,728

12,974

24,758

CURRENT ASSETS

Stocks

31,931

8,660

Debtors

6

148,610

137,622

Cash at bank and in hand

2,762,675

1,832,627

2,943,216

1,978,909

CREDITORS

Amounts falling due within one year

7

2,840,351

1,937,444

NET CURRENT ASSETS

102,865

41,465

TOTAL ASSETS LESS CURRENT LIABILITIES

115,839

66,223

CREDITORS

Amounts falling due after more than one year

8

13,062

23,381

NET ASSETS

102,777

42,842

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

102,776

42,841

SHAREHOLDERS' FUNDS

102,777

42,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2020 and were signed on its behalf by:

C J Culshaw - Director

1.	STATUTORY INFORMATION

Barrington & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

117,500

AMORTISATION

At 1 April 2019

95,470

Charge for year

11,750

At 31 March 2020

107,220

NET BOOK VALUE

At 31 March 2020

10,280

At 31 March 2019

22,030

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

26,930

Additions

2,546

Disposals

(1,517

)

At 31 March 2020

27,959

DEPRECIATION

At 1 April 2019

24,202

Charge for year

2,580

Eliminated on disposal

(1,517

)

At 31 March 2020

25,265

NET BOOK VALUE

At 31 March 2020

2,694

At 31 March 2019

2,728

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

11,003

4,516

Other debtors

137,607

133,106

148,610

137,622

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

9,800

32,412

Other loans

17,109

-

Trade creditors

2,493

1,477

Tax

16,812

4,377

Social security and other taxes

21,112

16,458

Other creditors

13,456

50,167

Client liabilities

2,759,318

1,832,553

Director's loan account

251

-

2,840,351

1,937,444

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loan 1-5 years

13,062

23,381

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank overdraft

-

22,612

Bank loans

22,862

33,181

22,862

55,793

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

2020

2019

£

£

C J Culshaw

Balance outstanding at start of year

1,726

-

Amounts advanced

52,102

1,726

Amounts repaid

(54,079

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(251

)

1,726